Monday, July 16, 2007

Copper Falls as Global Inventories Increase for First Time in Three Weeks

(Bloomberg) -- Copper fell to the lowest in eight
sessions in New York as global inventories of the metal rose for
the first time in three weeks.

Stockpiles in warehouses monitored by the London Metal
Exchange gained 1,325 metric tons, or 1.4 percent, to 98,875
tons, the first increase since June 25. Before today, copper had
increased 25 percent this year as inventories plunged 47 percent.


Read more at Bloomberg Commodities News

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